BTC is about to have the second largest options expiry of 2024, totaling $8.1 billion! 🚀 Will this be enough to push BTC price to $70,000?

- Current macroeconomic environment favors risky assets like BTC.

- Options expiry on September 27 will be a key event.

- If BTC holds above $63,000, bulls will have the advantage.

- Bears will try to push price below $60,000.

China cuts interest rates, injects liquidity, stimulates economy -> Increases BTC's attractiveness.

- PBOC commits $113.8 billion to support stock market.

- China and US's loose monetary policies favor scarce assets like BTC.

Prediction:

- BTC between $60,000-$62,000: Bulls have a $550 million advantage.

- BTC between $62,000-$64,000: Bulls have a $1 billion advantage.

What do you think? Will BTC rise or fall? Comment now! 💬#Bitcoin#Crypto #BTC